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Bahamian business leaders urged to think manufacturing

Published by Steve Coleman on September 26, 2011

The president of the Grand Bahama Chamber of Commerce is encouraging his country to give manufacturing another chance.

While manufacturing might be more expensive in the Caribbean than other parts of the planet, K. Peter Turnquest says the island nation should focus on unique products made from local resources.

"What it means is that we have to be smarter than the average bird," Turnquest said in an article appearing in The Freeport News. "It means that we have to find niche markets for products that we can source raw materials from right here in The Bahamas."

The address came during a grant proposal workshop hosted by the Caribbean Export Development Agency and the Grand Bahama Port Authority on Sept. 22.

The fact the Bahamian government is looking to gain its membership card in the World Trade Organization will make it even more important for the private sector to look at new ways of doing things, he said.

The agreement will open trade doors to the rest of the world, but include provisions to let foreign companies compete for jobs in the Bahamas, he said.

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